gas_pumps

Wholesale Gasoline Costs on the Decline

Brian L. Milne, Refined Fuels Editor, Telvent DTN It’s mid-October and wholesale gasoline costs are on a downtrend, with the decline delayed based on gasoline’s seasonal tendency to begin moving lower after Labor Day as holiday travel cuts vehicle miles traveled. Gasoline prices are also coming down from lofty heights not usually experienced this time

fuelpumpWEB

Retail Gasoline Prices to Again Advance

By Brian L. Milne, Refined Fuels Editor, Telvent DTN “Say it ain’t so Joe,” references a line in a movie from a young fan to “Shoeless” Joe Jackson on revelation eight members of the White Sox conspired to lose the 1919 World Series. Drivers in the U.S. might be singing a similar phrase about gasoline

CM17

Reinventing the Neighborhood Market

Kyle’s Kwik Stop Corner Markets in east Texas is testing a new business model by emphasizing the local community. By Megan Wilkinson, Assistant Editor. On the outside, Kyle’s Kwik Stop’s latest store looks like a simple c-store. Yet, step inside the Longview, Texas unit and customers get a taste of the neighborhood from its breakfast

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Wholesale Gasoline Costs Mixed in Late September

Wholesale gasoline costs moved mixed in very choppy trading during the third week of September, with the benchmark futures contract slumping to a six-week low at one point before rebounding on renewed optimism for the global economy amid central bank stimulus measures. A huge build in crude stocks reported by the Energy Information Administration for

gasnozzle

Kansas Jury: Hot Fuel Not Deceptive

Numerous class-action lawsuits have been filed across the U.S. in 26 states, the District of Columbia and Guam, alleging oil companies and fuel retailers improperly profited from the sale of hot fuel. In a victory for QuikTrip, 7-Eleven and Kum & Go—three c-store retailers in a “hot fuel” lawsuit—a federal jury in Kansas City, Kan.

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Fed’s Stimulus Jolt to Underpin Retail Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN After 10 weeks with an advance the U.S. retail gasoline price average should decline, which would make it the first decrease in the national average since June. During its staircase rise, the Energy Information Administration’s weekly average has surged 49.1cts or 14.6% to a $3.847 gallon

fuelpump

Gasoline Waiting On The Fed As Jobs Disappoint

By Brian L. Milne, Refined Fuels Editor for Telvent DTN. Wholesale gasoline costs were mixed across the country’s major metropolitan markets during the week ended Sept. 10, with supply tightness in some parts of the country bolstering values while other regions saw their costs decline on fading demand and the switch away from the more

parkers

Parker’s Plans New Georgia Location

“We’re responding to repeated requests from area residents who have been asking us to open a Parker’s in Rincon,” says Parker’s CEO. Parker’s Convenience Stores recently announced plans to build a new state-of-the-art convenience store in Rincon, Ga. The newest Parker’s, located at the site of the former Springfield Ford dealership on Hwy. 21, will

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Facility Management

By John Matthews, founder of Gray Cat Enterprises Inc. It was the situation that everyone dreads. Out of the blue, the anxiety-filled request was made—the CEO had summoned me to his office. Thoughts raced through my head—mostly bad thoughts, mind you—of why I was being asked to join him and the COO in an impromptu

fuelWEB

Seasonal Gasoline Shift and the Bernanke Put

By Brian L. Milne, Refined Fuels Editor, Telvent DTN The uptrend in retail gasoline prices that began at the start of July still has legs, set to advance even as the summer travel season in the U.S. comes to an end with Labor Day, and as fuel specifications for gasoline ease to lower the production

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Pilot Flying J Closes Maxum Petroleum Acquisition

“I am looking forward to increasing our participation in the fuel and lubricant distribution industry serving commercial and industrial customers,” says Pilot CEO. Pilot Flying J closed its acquisition of a controlling interest in Maxum Petroleum for cash, and its contribution of Western Petroleum LLC into Maxum.  Maxum will continue to operate as an independent

fuelnozzle

Ethanol Offering Stability

Isaac spares oil refineries in Gulf, yet prices continued to climb over Labor Day weekend. Over Labor Day weekend millions of Americans hit the open road, but with gas prices spiking toward $4 per gallon, many elected to stay home. The oil companies blame Hurricane Isaac for causing the sudden inflation, but the increases continue

fuelpump

U.S. Retail Gasoline Prices to Continue Higher after Labor Day

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, the U.S. average for regular grade gasoline sold at retail outlets across the country will continue higher after the Labor Day holiday, increasing despite the end of the summer driving season when demand typically declines after peaking during the summer months. There

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Wholesale Gasoline Costs Mixed as some Refinery Units Return from Outages

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mixed countrywide in moving into the second half of August, with some markets, notably the greater Chicago market in the upper Midwest, posting steeply lower values after a surge in those prices in late July early August. Wholesale costs in the broad

wilsonsfarms

Former Wilson Farms Stores For Sale

Sealed-bid process starts Wednesday, Aug. 15 and ends Oct. 18. Convenience store giant 7-Eleven is renovating a former Wilson Farms store on Denison Parkway in Corning, N.Y., scheduled for completion this fall, and preparing to divest 30 more, The Leader Online reported. 7-Eleven bought Buffalo, N.Y.-based Wilson Farm’s 188-store New York network last year from

gavel

South Dakota Debates Sale Of 85-Octane Gasoline

South Dakota legislation continues to review rules on allowing the sale of 85-octane gasoline in the western half of the state. The proposed rule allowing the sale of 85-octane gasoline in western South Dakota is still in discussion as of Tuesday when a state legislative committee could not gain enough votes to approve or block

gasstationLARGE

Retail Gasoline Prices at 11-Week High

Brian L. Milne, Refined Fuels Editor, Telvent DTN A string of refinery outages in late July, early August continues to drive retail gasoline prices higher, with the U.S. retail average gaining for five straight weeks through Aug. 6 to reach an 11-week high at $3.606 gallon per the Energy Information Administration’s (EIA) weekly survey. Since

ethanol

Ethanol Industry Touts Lower Gas Prices with New “Open Road” Ads

Following on the success of its long-running “Right Here, Right Now” ads, the Renewable Fuels Association (RFA) is debuting a new ad which focuses on ethanol’s ability to lower gas prices at the pump and offer consumers relief in a difficult economy. The “Open Road” campaign is the first of its kind, focusing on ethanol

fuelpumpingLARGE

Gasoline Prices in Uptrend Through Labor Day

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices made sharp gains in late July, early August, and there’s more upside left in the cash market, which will filter through to retail outlets across the U.S. Absent a steep selloff, retail gasoline prices are poised to move higher in most U.S. metropolitan

Valerologo

Valero Plans Separation of Retail Business

Company prepares to spin off fuel stations. Valero Energy Corp.’s board of directors has given the official OK for the company to sell or spin off its network of fuel stations, which could be worth as much as $2.8 billion, Businessweek reported. Spinning off the retail business is one of many moves CEO Bill Klesse

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Clean Energy Releases Report On Natural Gas News

Clean Energy Fuels Corp. releases report listing companies that signed agreements for natural gas fuel and other services with them. Clean Energy Fuels Corp. released “The Road To Natural Gas,” which lists trucking companies, refuse haulers, fleet operators, airports, municipalities and other organizations that have signed new or expanded existing agreements with Clean Energy to

Wayne-Fuel-Dispenser1

Wayne Releases Futuristic Fuel Dispenser

Wayne launches the sale of its new Wayne Helix fuel dispenser to c-stores and gas stations later this year. Wayne, a GE Energy Business and global innovator of fuel dispensers and forecourt technologies, announced the launch of the new Wayne Helix fuel dispenser line. The new dispensers are intelligently designed and technologically advanced compared to

Parkers-Bluffton-Store-photo

Parker’s Features Video Technology At Its Pumps

Parker’s rolls out video technology at its gas pumps this year. Parker’s, a recognized leader in convenience store sales across southeast Georgia and South Carolina, is the first area company to integrate video technology at the gas pump. Parker’s currently offers high-tech gas pumps with 10-inch television screens at the company’s Pooler, Ga., location and

acquisition

EZ Energy Sells U.S. Stations

Sale expected to close Sept. 15. Israel-based EZ Energy Ltd. is selling its U.S. gas station and c-store operations for $64 million to a foreign operator, whose name has yet to be disclosed, Globes reported. The proceeds derived from the sale are expected to cover all the company’s debt to Israeli bondholders and the loans

fuelpump

Retail Gasoline Prices Reverse Higher after Three-month Slide

Brian L. Milne Refined Fuels Editor, Telvent DTN After 13 consecutive weeks moving lower, retail gasoline prices snapped the decline, gaining during the first full week of July. Moreover, retail gasoline prices are in position to again increase, while the July 2nd six-month low in the Energy Information Administration’s (EIA) U.S. average might hold for

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